Which Department(s) are on the 8/6 list?
August Location Strategy
I'm trying to get some clarity on what the location strategy is for August. Has anyone heard specific details about the following? Is there a confirmed 4-day return to office mandate? Are there any planned hub closures? Is there any news... — read more
Remote Case
https://www.hrdive.com/news/work-from-home-ADA-accommodation/722691/
Remote
How many employees are still remote? Are they doing a review of remote status across the org to try and get more people back in the office?
This is just the start of the sh-tshow
I really want to leave this sick place, I just don’t know where to go. I’ve been trying to find another job for a while. Level of my skills and the extent of exp is now an obstacle, not an advantage. Nobody wants to pay skilled and competent... — read more
Massive Layoff’s
If you are a company that has laid of hundreds or thousands of people... You should have ZERO jobs advertised. Other than a handful of niche or specialty roles, any open positions could be filled by someone you have laid off. If you need to cut... — read more
Don’t say: “I was laid off.”
Say: “My strategic exit allowed my former employer to achieve their cost-cutting goals and boost executive bonuses.”
Lack of accountability for leaders
Every bad decision made is their doing but it's always us who pay the price for their mistakes. When will we see some accountability from Charlie and his cohort?
Feds are back
Who has the juicy deets. What did we do this time?
Polled my team…
I am in risk. I polled my team and almost all staff on the overall team including my peers. There is not a single person trying to stay. Everyone is trying to leave. It’s hilarious. That has to be some type of record. Literally everyone... — read more
Top Chef + Wells Fargo
I have been binge watching Top Chef and WF is a sponsor handing out thousands of dollars to these chefs for winning competitions
Chip scam
https://www.the-sun.com/news/12097770/bank-fraud-fbi-warning-wells-fargo-emv-chip-remains/
HealthEquity data breach & BNY Mellon
HealthEquity data breach affects 4.3M people... Happened in March - right after BNY made the change from BenefitsWallet... https://techcrunch.com/2024/07/30/healthequity-data-breach-affects-4-3-million-people/ https://www.healthequity.com/breach — read more
Y'all will love this, you're welcome ;)
https://www.americanbanker.com/news/the-most-powerful-women-in-banking-2023-tracy-kerrins-wells-fargo
Business Execution Job Titles
I am looking for a job internally. I keep seeing job postings for Business Execution Consultant, Business Execution Associate, and Business Execution Administrator. The job descriptions are vague and don't really provide clear information on exactly... — read more
Working vs Non-Working Notice Period: Who decides?
Who determines if a soon-to-be displaced employee is to on working- or non-working-status during their Notice Period? 1st-level manager, manager +1, some coin-flipper in HR?
There has been a long trend and push from the top to “junior-ize” US teams
A manager who manages a team where people on the team have been at WF for longer and keep working on that team will get a worse rating in some metric than another manager who has constant turnover. WF measures managers and orgs by tenure and... — read more
I'm surprised attrition isn't much higher
Considering how many hate working here, I'm shocked that attrition is as low as it is. I'd think that being so unhappy at work would push more people to look for something else. The fact that it's not happening is mind-boggling. I still like my job... — read more
Are Teams phone calls recorded?
My boss and I had a heated conversation over Teams. She made comments alluding to my age and performance, I responded with angry responses. I am wondering if the conversations are actually recorded?
Stay just until you find a better job, and preferably collect severance
Wait for severance only to the extent that you don't find a new gig that's worth moving. Get a new job while you already have one. I have to remind myself of this almost daily, but it's not worth getting upset over things you can't control. Just... — read more
Engineering department crisis
It’s in deep shts now. Shts will hit the fan soon.
Layoffs next Tuesday
What’s the verdict?
PSA: You WILL NOT get rehired if displaced...
At least in IT, you WILL NOT get rehired if displaced... It will never happen... Sure during the displacement meeting they make you feel special and tell you that the roles are posted and they provide the links. Do not be fooled.
What happened to all the unionizing?
There was good momentum with branches unionizing for a bit. And then you completely stopped hearing about it. What happened?
Someone has been sleeping on the job
Wells Fargo faces government probe on anti-money laundering, sanctions
Such honest negativity!!
Why do I want to wait for my severance??? Please remind me again....been with WF for more than 4 yrs but less than 10. Not in hub site, and don't want to relocate to one. 😔😔 (Sigh) I have been looking...and will continue to look...just to be... — read more
Sorry if I’m Captain Obvious here but…
I’d already heard the Tuesday after payday thing before so many times and never really thought into why. Then I was thinking about how many more paychecks I’d get if I got laid off next Tuesday, and I realized why that must be the day… Because of the... — read more
WF Prefers Permanent Asset Cap
So much for Shart and CIB bringing us to the Investment Banking powerhouse or saving the future of the “firm.” https://www.reuters.com/business/finance/wells-fargo-faces-government-probe-anti-money-laundering-sanctions-2024-08-01/
My group is going down!
Any thoughts on this? I’ve got my two up manager on leave now. My one up manager is now on leave and my manager is probably gonna get laid off for location strategy. Any thoughts?
What’s up?
I received a random email from someone in Tech under TK, that said they were sharing a file with me. I hit the phish button even though it looked legit. It didn’t say, “good job” so it was legit. Soo, I clicked the link and it said I had no access to... — read more
Poor rating earners get laid off, those with Meets ratings look out
Based on the bell curve of ratings, if the company lays off a large percentage of the low ratings after mid-year, management will need to replace those poor ratings from the pool of Meets and higher. All this does is create a mandatory downward shift... — read more
Who can view past performance reviews?
If I'm applying for another position internally, can the hiring manager view my performance reviews? And/or if I move to another group, will my new manager be able to view past performance reviews? I'd appreciate any general info on this.
Cops called to the Barnhart Site
Does anyone know why the cops were called to the barnhart site? Police cars were parking infront of building and cops were in the lobby..
How many people got bad reviews undeservedly?
I see more and more people complaining about bad reviews, which they think are unfounded. My impression is that the whole review process is designed to be a cover for layoffs by numbers, and not by quality of work and results. Vast majority of... — read more
Sham Reviews
Several of us on 60 day notice, all 15+ years service, received reviews less than Meets. First time ever. Will this cause any negative impact to severance? Or rehire in the future?
WAVE 2 displacement notifications start second Tuesday in August
WAVE 2 displacement notifications start second Tuesday in August
Sioux Falls, SD Legal Headquarters
Why can’t Sioux Falls, SD be a hub when the legal headquarters is located in SF? https://en.wikipedia.org/wiki/Wells_Fargo
Technology target RIF is 20% in next 6 months
It’s 6000 employees.